The new Fiat Punto ads have flooded the media. It has a length of about 3987 mm which is 13 mm smaller than the 4 meters so it fulfils the criteria of small cars. This proves great for the customer as well as the car companies, since it allows an 16% concession on excise duty. Small cars are also proved by their engine capacity of 1.2 Litres or less to get excise duty benefit Fiat India took the chassis of Grande Punto and fitted in the 1172cc petrol engine that is also powers its previous hatchback Fiat Palio. Also the 1.2L, 1172cc, 8-valve, FIRE petrol engine is surely cheaper than its 1.4L engine petrol counterpart. Its 1.2L FIRE petrol engine can produce 68PS power @ 6000rpm and 96Nm torque @ 2500rpm.